Hardware wallet vs Software wallet - page 4.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: joesastro on July 02, 2018, 09:24:29 PM

personally, I think, to support all data, select both are the best choice because when your broken,
hardware wallet has been back in Software wallet when you lose in Software wallet,you still have the backup.

Lol are you joking? Your token can be stored in only one place and you can't try to take the privatekey from your hardware wallet. I thought your solution is not helpful at all. Everyone should go to the hardware wallet as the first choice and then software wallet as the second choice and that's the correct answer.

ngochuyen0071

newbie

Activity: 84

Merit: 0

If you are a short term trader and needs fund frequently, then I would suggest you to go for a legit software wallet or app. If you are a long term HODLer, buy a hardware wallet like Trezor, Nano Ledger etc and keep your funds there. There are chances of software wallets and app getting hacked by downloading a malicious software in your system. You are responsible for your own safety in cryptos, do that wisely.

joesastro

newbie

Activity: 223

Merit: 0

personally, I think, to support all data, select both are the best choice because when your broken,
hardware wallet has been back in Software wallet when you lose in Software wallet,you still have the backup.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: Mary Ofosuhene on June 07, 2018, 07:20:13 PM

Surfing on the bitcointalk forum, I sometimes see some threads discussing about hacking of wallets and the discussion is geared towards the best wallets to secure individuals from hackers. Hardware wallets are normally mentioned. I decided to find out about hardware wallets and my searches made me know that, wallets which are normally hacked are of software base. I found out that some viruses which attack computers are able to steal private keys from the software wallets that we normally use. The issue of virus attacking a computer makes the use of hardware wallet very advantageous over software wallet since the hardware wallet are immune against viruses, hence viruses cannot steal from such wallets. My question is what are some of the hardware wallets and how can one get a hardware wallet?

You can easily get a hardware wallet from online stores such as Amazon, or directly from the websites of Trezor or Ledger. But hardware wallets have their own disadvantages and you should remember that. If you forget your recovery phase or password, then your coins are gone.

victoryana

newbie

Activity: 154

Merit: 0

There are many types of digital wallets, including two types of wallets and a purse, a wallet for storing coin, if you use it hot you can store it on your computer and use when needed

Leftneck

member

Activity: 476

Merit: 10

A Blockchain Mobile Operator With Token Rewards

wallet hardware is safer in my opinion. because the wallet software vulnerable wallet hacking case occurs.
every program there must be a gap

Hexcolyte

full member

Activity: 490

Merit: 102

Software wallets are more vulnerable toward user's mistake. Hardware wallets can prevent most user fraud, and so reduce the risk. But it is not as convenient as a software wallet for most people.

GmBoom

jr. member

Activity: 322

Merit: 2

Before the last incident happen in the breach of MyEtherwallet. I only use MyEtherwallet without any supporting third party apps because I have much confidence in the security features provided by the MyEtherwallet wallet. But when I heard the news that Myetherwallet has been breached, I used linked metamask as of now to unlock myEtherwallet wallet. To ensure that my private keys is safe. But if you have a hardware wallet, it is more safe to store your funds in a hardware wallet because it is fully encrypted and can never be hacked by a hacker because of its great security. My advise is to use a hardware wallet to access your funds.

NelsonEmpire

newbie

Activity: 33

Merit: 0

Hardware 100%

xOdiumNostrumx

full member

Activity: 1064

Merit: 101

I bought one as soon I was able to, its well worth it, risk those 100 bucks if you are holding a nice chuck of crypto. I only wish they would be adding support for new currencies more promptly, but as I understand, this is on the shoulders of the projects themselves.

Uderlord

newbie

Activity: 54

Merit: 0

Well, the fact that the hardware wallets are safer no it's not so official wallets of crypto currency are 100% safe,and if you are an idiot who pumps viruses to your computer then it is unlikely that you will even help a hardware wallet Cheesy

Anrxa

member

Activity: 107

Merit: 10

I use the Ledger Nano wallet, and I'm very pleased. Even if my computer is infected with viruses, my coins will remain safe. But there are some malicious programs that can override the recipient's address, so I always check the address displayed on the device.

SixOfFive

sr. member

Activity: 630

Merit: 257

The type of wallet that you should use depends on your investment types and purpose. Hardware wallet is usually preferred when you want to hold huge amount coins. Also if you want to hold coins for long term hardware wallet is preferred as it provides greater security. The disadvantage to hardware wallets is their price. You might pay in the $100 range for a good one. However, transactions are generally free.

GmBoom

jr. member

Activity: 322

Merit: 2

There are some hardware wallets that is available online, ledger nano s, trezor. These wallet is the most safest place of your cryptocurrency. Not like your software wallet, it can easily breached by a virus sort of hacking, a phishing attack and many more. Not like a hardware wallet it is a hackproof wallet. Your private keys are safe in these wallet.

akirasendo17

sr. member

Activity: 1106

Merit: 310

Hard and soft wallet are okay, just make sure , that your pc or keys are kept in a secure place, never trust anyone and handed the keys or password to anyone, or else your going to regret it, make sure you enter your wallet address not the keys sometimes people make mistakes and accidentally insert the keys
Keep it safe

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Those malware's that are copy-changing bitcoin wallet addresses was has been an issue if you're careless with your browsing time.
New Bitcoin Malware Attacks Copy and Paste Their Way to Co-Opted Currency
I'm using Nano Ledger S and I've been satisfied with it.

godfredmanu

member

Activity: 266

Merit: 10

Hardware wallet like ledzer and trezor can be obtain from amazon or ebay or any cryptocurrency hardware stores. Getting a hardware wallet is a sign of your seriously with crypto than software which are mostly prone to hacking and malwares

Spoop

newbie

Activity: 101

Merit: 0

In terms of safety then hardware wallets are much safer than software wallets because it is much harder for hackers to get into hardware wallets to steal your coins. Which is why if you are holding coins for the long term then you should get a hardware wallet to hold those coins in to be safe

ZeidFreak

member

Activity: 200

Merit: 10

Macho Gwapito ako!

I prefer Hardware wallet too they have the best feature just like a money in a vault. Software is good also but vulnerable to some hackers i know they will find solution to maintain high security of their own blockchain.

AnnaGeraMsk

jr. member

Activity: 280

Merit: 2

for me, so the best purse is the one that is controlled by me and this is something that is not on the computer and is found in the manual!

Topic: Hardware wallet vs Software wallet - page 4. (Read 1824 times)